AMD Stock Slips as OpenAI IPO Reportedly Delayed to 2027

Key Facts

Highlighting the sensitivity of the AI chip sector to funding prospects, AMD shares slipped on Friday after reports indicated that OpenAI may delay its initial public offering until 2027. According to media reports, the postponement would delay cash that was expected to be used for purchasing AMD's AI chips, even though the contract between the two companies remains in place. The decline comes as investors closely watch for any signals on the pace of AI infrastructure spending.

In this context, AMD closed at $532.57 on June 25, retreating from its session high of $550.88, with a low of $507. By comparison, peers Nvidia closed at $532.57 and TSMC at $424.54 (close on June 26), reflecting mixed performance across the sector. AMD is a key beneficiary of AI chip demand, but any delay in startup funding such as OpenAI's could temper the rapid growth trajectory.

Traders are now watching the support and resistance levels, with the $507–532 range emerging as a key zone after the recent move. Fundamentally, attention will focus on any official statements from OpenAI or AMD regarding the IPO timeline, along with third-quarter earnings as the next potential catalyst. Broader AI developments, such as new model launches or major investments, could also influence the stock's direction.